A recent report by Henley & Partners and New World Wealth reveals that the number of crypto millionaires has surged by 40% over the past year, reaching approximately 241,700 individuals with holdings exceeding $1 million. This increase is largely attributed to Bitcoin's price doubling, which has also created 70,000 new crypto millionaires and added $2 trillion in paper wealth over three years. The report indicates that younger crypto investors tend to spend more of their wealth gains, with an estimated $145 billion in additional spending projected for 2024. The study categorizes crypto investors into casual and 'all-in' investors, noting that the latter group tends to maintain their spending habits due to strong convictions about crypto's future. While some high-profile purchases are made, most spending is directed towards everyday expenses like dining and entertainment. The report also suggests that as crypto investors age, their spending may shift towards real estate, influenced by evolving lifestyle choices.